Is First Trust Multi Cap Growth AlphaDEX ETF (FAD) a Strong ETF Right Now?

FAD is a smart beta ETF with $585.75 million in assets that uses the AlphaDEX methodology to select stocks across large, mid, and small-cap segments. With a 0.63% expense ratio, 11.3% year-to-date return, and 678 holdings providing good diversification, it offers medium risk exposure. However, cheaper alternatives like ILCG and IUSG with lower expense ratios (0.04%) may be more attractive for cost-conscious investors.